Call For Offers! Downtown Redevelopment Opportunity
Retail-Commercial
for Sale
Sale Pending/Contingent
Also listed as Multi-Family, Office
| Catylist Listing ID: |
30733950 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
3,192 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.23 SF
|
| Sale Price: |
$1 |
| Unit Price: |
$0 PSF |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Other |
| Call for Offers: |
Yes |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/4/2022 |
Overview / Comments
56 State Street provides buyers with unlimited possibilities for redevelopment in an outstanding location. Sitting in the heart of the historic district, the existing Scotchman sits on 0.22 acres of General Business zoned land. Permitted uses include hotel, short-term rental, office, retail, apartments, or condos. Its positioning, one block from East Bay Street and Market Street provides consistent foot traffic from tourists and residents alike. The surrounding area boasts strong demographics and daytime population.
All offers due: June 30, 2021
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
51 - Peninsula Chas. inside of crosstown |
| Tax ID/APN: |
458-05-03-108 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Visibility: |
Excellent |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
1980 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,690 |
58,454 |
130,572 |
| Median Age: |
30 |
34.35 |
36.79 |
| Households: |
6,759 |
24,376 |
55,314 |
|
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